Henery Apartments

Investment Overview

119 S Sutter Street is a rare Downtown Stockton adaptive reuse opportunity consisting of a multi-story historic structure with ground-floor commercial frontage and upper-floor residential conversion potential. The property has already undergone meaningful early-stage stabilization, including interior cleanup and demolition, roof replacement, and structural roof repairs, reducing several of the highest-risk initial conditions typically associated with distressed historic redevelopment. However, the building remains unfinished and will require a full redevelopment program, including new building systems, elevator modernization or replacement, fire/life safety and ADA compliance, updated architectural plans, and complete residential and commercial buildout. With an estimated program of approximately 24 residential units, potential penthouse units, and activated ground-floor commercial space, the property offers a compelling path toward a boutique mixed-use rental or condominium project for a qualified developer capable of aligning design, cost, and execution with Downtown Stockton’s evolving market.

Investment Highlights

• Landmark Building
• Ground-floor commercial
• 26 potential residential units
• Stabilization work completed
• Full redevelopment still required
• Rental or condo exit potential